“As a city, we are well-known for delivering huge, world-class events and we are always delighted to host prestigious competitions like the World Boxing Championships,” said Councillor Harry Doyle, Liverpool City Council’s cabinet member for Health, Wellbeing and Culture.
“Not only did it generate money to boost to our economy, it also supported local businesses and our hospitality sector, and created lasting benefits for our people and our communities,” he said.
He added that the event brought economic and social benefits to thousands of people across the city through “wrap-around cultural activities, social impact programmes, and volunteering opportunities”.
The report said 127 volunteers were “the heartbeat of the championships”, with them contributing 3,142 hours across 483 shifts.
More than 1,200 primary school children also benefited from a boxing themed literacy programme.
There was also success for local boxing, as Odel Kamara and Callum Makin won bronze medals at the event.
Local clubs in Liverpool also received boxing equipment worth £50,000.
Gennadiy Golovkin, the president of World Boxing, said: “This was great event for Olympic style boxing.
“It was also a fantastic platform for our male and female boxers to showcase their skills and abilities to a huge global audience.”